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1994 Berkshire Hathaway Annual Meeting Warren Buffett Charlie Munger Bill Ackman FULL Q&A

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Published on Jun 20, 2018
Rare video and audio of the full Q&A session with the world’s richest man and most successful investor and his partner.

46:52 Question from Bill Ackman
3:09:23 Calculating future rate of returns on an investment

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Key words:
- Miss congeniality
- Derivatives
- Combine ignorance and borrowed money
- No plan to split the stock
- How to judge management: their past achievement, compare with other companies in the same industry, how they treat themselves vs shareholders
- We get to work with the people we like
- The prospect would be diminished if they pass but it will be one great company
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